Should restaurants lease or buy? Buying or leasing is always a prime consideration for a new business, and the question for a new restaurant can be especially problematic. There are pros and cons to either decision.

Selling a Restaurant: Escrow

By this point in the sales process, you have negotiated with your buyer and reached an agreement about the condition of the premises and your price. It’s now time to close in on the final stage of your sale: Escrow.

In this tutorial, you will:

Open escrow to protect you and your buyer during the sale

Comply with Bulk Sale Laws

Request Lease Assignment

Schedule a final walk through, close escrow, and complete your sale

This is the endgame of selling a restaurant. If you’ve conducted the sale’s prior steps carefully, this final stage should be relatively quick and easy. By the end of it, your restaurant will have a new owner and you’ll have your proceeds.

Marketing Your Restaurant for Sale

Your restaurant has a unique advantage — at least one — that could make it attractive to prospects. To command the highest possible price for your restaurant, you’ll want to identify its appealing qualities and communicate them to potential buyers.

This section will help you:

Determine your restaurant’s key selling points

Set your price, and justify that price to buyers

Write an ad that attracts attention from serious, qualified prospects

Make a great first impression with buyers by preparing your restaurant for sale

Publish your ad on popular, high-traffic websites

By the end of this section, you’ll be ready to begin taking calls or emails from interested prospects.